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CABLE TECHS: Bulls Look To Recover 200-DMA
The short-term outlook remains neutral with bulls looking for a break back above
Thursday's high at 1.2996 to reopen the 200-dma at 1.3020. Above here would
improve the outlook, with topside focus on a break of 1.3160 which would trigger
a bullish pennant formation. Bears focus on a downside break of 1.2854 to regain
control. Below here opens the Jan 21 low & 50% retracement level at 1.2831/29,
ahead of the 50-dma at 1.2813.